Economics

Description

As an economics major, you’ll be part of a vibrant community of students, scholars, and professors who synthesize data to solve social issues and substantiate policy decisions. You’ll be treated like a colleague: Expect to work alongside professors on key research and policy issues; many of our scholars are frequently called on to provide policy advice and media commentary.

Our program provides a broad study of economics, from micro- and macroeconomics to statistics. With these skills, you can embark on a career in international relations, finance, government, or public policy.

An economics major will teach you to:

• Use logical thought to solve problems
• Observe and infer from data
• Present ideas in writing and speech
• Use economic tools and methods to analyze issues, such as crime, unemployment, inflation, taxes, sports, and voting behavior

Detailed Course Facts

• USD 16265 Semester (National)

Full-time: 12-17 credits per semester $16,265

Students must complete a minimum of 126 credits for graduation.

• English

Course Content

The department offers a BA and BS in economics.

• EC-101 Applied Microeconomics

  Prerequisites:

  Non CAS majors need to have completed at least 16 credits.

  Credits:

  4.00

  Description:

  This course introduces students to foundational principles of microeconomic theory, with an emphasis on applications of concepts to management decision-making in specific industry and market settings. It describes and analyzes the interaction of supply and demand and the behavior of the prices of goods, services. It explains the determinations of costs, output, strategic pricing, and governance by firms under conditions of perfect and imperfect competition in a global economy. In addition, it describes the supply demand for factors of production and the impact of taxes and government regulation and intervention on firms and consumers.

  Type:

  Social Science,BSJ SOCIAL SCIENCE

• EC-102 Global Macroeconomics

  Prerequisites:

  Non-CAS majors need to have completed at least 16 credits

  Credits:

  4.00

  Description:

  This course examines the workings of the national and the global economy. It will describe the determination of Gross Domestic Product, the problems of unemployment, inflation, and the determination of economic growth. It will also describe and analyze the determination of the country's exchange rate, the balance of payments, and international borrowing and lending. A particular focus will be on understanding economic fluctuations (booms, busts, and recessions) in the domestic economy and its effects on other economies. It will analyze the role of the government and the effects of government spending and taxation on the economy. Furthermore, it will describe and analyze the determination of the quantity of money and interest rates in the economy and the role of the country's central bank. It examines the basis and pattern of international trade and the effects of a country's trade policy on the economy.

  Type:

  Social Science,BSJ SOCIAL SCIENCE

• STATS-250 Applied Statistics

  Prerequisites:

  MATH 128 or higher

  Credits:

  4.00

  Description:

  Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.

  Type:

  Quantitative Reasoning

• STATS-350 Applied Statistical Methods

  Prerequisites:

  STATS 250

  Credits:

  4.00

  Description:

  This application-oriented course is designed to go beyond the topics covered in STATS 250. It includes topics like Analysis of Variance (ANOVA), special topics in regression analysis and index numbers. Further, time series data, which consist of values corresponding to different time intervals, are analyzed. The objective is to examine past time series values to forecast, or predict future values. Seasonal variations are also incorporated in the forecasts. The course will provide useful computer skills involving various statistical packages and is an excellent preparation for graduate work in business and social sciences.

  Type:

  Social Science

• EC-311 Intermediate Micro Theory

  Prerequisites:

  EC 101 and EC 102

  Credits:

  4.00

  Description:

  Theory of consumer behavior and demand. Theory of production and costs of production. Theory of the firm, and price and output decisions in different market structures, i.e., under perfect competition, monopoly, monopolistic competition and oligopoly. Decisions relating to pricing and employment of various inputs (labor and capital) under perfectly competitive, and less than perfectly competitive, resource markets. Required of all majors in Economics. Normally offered every semester.

  Type:

  Social Science,BSJ SOCIAL SCIENCE

• EC-312 Intermediate Macro Theory

  Prerequisites:

  EC-101 and EC-102

  Credits:

  4.00

  Description:

  This course covers the neoclassical and Keynesian models of aggregate economic activity. Coverage of the measurement of economic variables, such as aggregate income, the inflation rate, and the unemployment rate. Examines the behavior of the economy under conditions of price flexibility in the long run and price rigidity in the short run under rational and adaptive expectations. Analysis of the effect of changes in taxes and government expenditures, monetary policy and deficits on the economy. Coverage of the sources of economic growth. Required of all majors in Economics. Normally offered every semester.

  Type:

  Social Science,BSJ SOCIAL SCIENCE

• EC-490 Senior Seminar in Economics

  Prerequisites:

  Senior Standing; Or permission of Undergraduate Director.

  Credits:

  4.00

  Description:

  This is a required course for all students majoring in economics, to be taken in the spring semester of their senior year. Students are required to develop an economic thesis project in consultation with the professor for the course and to present it to the class.

  Type:

  BSJ SOCIAL SCIENCE,Social Science

Any three Economics courses, of which at least two are at the 300- or 400-level

Major in International Economics

The Department of Economics offers jointly, with the Department of World Languages and Cultural Studies, the BA and BS in International Economics.

Requirements

We do not use specific minimums for scores or grades in the decision process, but weigh all factors together to gain a whole view of you and your potential for success as a Suffolk University student:

• Level and range of high school courses selected
• Grades achieved (official high school transcript with senior year grades)
• SAT or ACT scores (our code is 3771)
• Recommendations (two required; one from a guidance counselor, one from a teacher)
• The essay
• Other required forms
• Admission interview (optional)
• Transfer students should view the transfer requirements page for more details.

In high school, you should have completed:

• Four units of English
• Three units of mathematics (algebra I and II and geometry)
• Two units of science (at least one with a lab)
• Two units of language
• One unit of American history
• Four units distributed among other college preparatory electives

We may also consider other factors in the review process, such as:

• Class rank
• Honors courses
• AP courses

We are also very interested in personal qualities that will offer us further insights into you as an applicant, including:

• Admission interview
• Extracurricular involvement
• Community service
• Special interests

Work Experience

No work experience is required.

Related Scholarships*

• Academic Excellence Scholarship

  "The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."

• Alumni Study Travel Fund

  Scholarships for students who are already attending the University of Reading.

• Amsterdam Merit Scholarships

  The University of Amsterdam aims to attract the world’s brightest students to its international classrooms. Outstanding students from outside the European Economic Area can apply for an Amsterdam Merit Scholarship.

* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than Suffolk University.